Award

Leasehold Property Insurance (excluding broker services)

BASILDON BOROUGH COUNCIL

This public procurement record has 1 release in its history.

Award

17 Mar 2025 at 17:00

Award Notice
Summary of the contracting process

Basildon Borough Council has concluded the procurement process for leasehold property insurance services, specifically excluding broker services, for leasehold flats and shared ownership properties. This contract falls under the property insurance services category within the services industry and will serve the East of England region in the United Kingdom. The tender process, conducted via an open procedure, reached its award stage on 14 March 2025. The contract, valued at £6,451,066, will commence on 1 April 2025 and continue until 31 March 2030.

The awarded contract presents a substantial opportunity for growth in the property insurance market. Avid Insurance Limited, the winning supplier, exemplifies the kind of business suited to compete for such contracts—specialists with a recognised capacity to deliver comprehensive insurance solutions. Although this particular procurement was not marked suitable for SMEs or VCSEs, larger firms with a solid portfolio in insurance services will find similar tenders advantageous for expanding their market presence and enhancing service offerings in property insurance.

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Notice Information

Notice Title

Leasehold Property Insurance (excluding broker services)

Notice Description

Property Insurance services in respect of Leasehold Flats and shared ownership properties.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-850c3f86-c32a-4712-ae4f-de214870ffa9
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/40ccaf6e-6fcc-4ff9-ad70-f5ce6be31bfe
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66515200 - Property insurance services

Notice Value(s)

Tender Value
£6,451,066 £1M-£10M
Lots Value
Not specified
Awards Value
£6,451,066 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
17 Mar 202511 months ago
Submission Deadline
14 Mar 2025Expired
Future Notice Date
Not specified
Award Date
14 Mar 202511 months ago
Contract Period
31 Mar 2025 - 31 Mar 2030 Over 5 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
BASILDON BOROUGH COUNCIL
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
BASILDON
Postcode
SS14 1DL
Post Town
Southend-on-Sea
Country
England
Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH3 Essex
Small Region (ITL 3)
TLH37 Essex Thames Gateway
Delivery Location
Not specified
Local Authority
Basildon
Electoral Ward
St Martin's
Westminster Constituency
Basildon and Billericay

Supplier Information

Number of Suppliers
1
Supplier Name

AVID INSURANCE

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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